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Mastercard Finalizes Purchase of Crypto Infrastructure Platform BVNK
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News Archives | PYMNTS.com
Mastercard says it has completed its acquisition of cryptocurrency infrastructure platform BVNK.
“Digital currencies — particularly stablecoins — are increasingly addressing real-world needs in areas like cross-border B2B payments, remittances, payouts, settlement and treasury flows,” said Jorn Lambert, chief product officer at Mastercard.
Mastercard first announced the $1.8 billion acquisition of BVNK in March.
It also gives Mastercard a way to bring stablecoins in the governance, trust and incentive systems already found in global payments.
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